Major Drop in KUJI Token Value The Kujira Foundation, known for its decentralized finance (DeFi) initiatives, suffered a dramatic 55% plunge in the value of its KUJI tokens within a single day. This drastic decline followed the liquidation of leveraged positions by the foundation’s operational wallet, leading to significant losses and exacerbating the token’s price …
Kujira Foundation Faces Heavy Losses Due to Leveraged Bets Read More »
BREAKING: Wallets linked with Genesis Trading have moved 16.6K BTC ($1.1B) and 166.3K ETH ($521.1M) in the past hour, likely for in-kind repayments to creditors. According to an X post by Arkham Intelligence, this substantial movement of funds by Genesis moves the market significantly. Key Details: Track live data here Market Impact Genesis moves have …
Genesis Moves $1.5 Billion in Bitcoin and Ethereum for Creditor Repayments Read More »
On August 1, 2024, U.S. spot Bitcoin and Ethereum exchange-traded funds (ETFs) experienced joint positive inflows for the first time since the launch of nine spot Ether ETFs on July 23. This marked a significant event in the cryptocurrency ETF market. This influx of investments into spot Bitcoin and Ethereum ETFs reflects growing interest in …
Bitcoin and Ethereum ETFs see positive inflows first time together Read More »
Significant Withdrawals from U.S. Spot Ethereum ETFs On Wednesday, U.S.-based spot Ethereum exchange-traded funds (ETFs) faced notable outflows, with a total of $77.21 million being withdrawn. Among the funds, Grayscale’s Ethereum Trust (ETHE) experienced the most significant reduction, losing $133.33 million. Grayscale Leads in Outflows, Others Neutral The nine spot Ether ETFs had a combined …
U.S. Spot Ethereum ETFs See $77.21M Outflow in a Single Day Read More »
Bitcoin is down below the critical $63k level, marking the fourth consecutive daily close with a bearish candle. The crypto market is feeling the strain as Bitcoin dip sentiment spreads across the board. Market Overview Reasons for the Bitcoin Dip The primary factors behind the recent Bitcoin dip are a mix of market sentiment and …
Bitcoin Falls Below Key $63k Level: Market Analysis Read More »
Russia’s State Duma has passed two major crypto-related laws. The first law, starting on November 1, 2024, legalizes cryptocurrency mining in Russia. It allows only registered legal entities and individual entrepreneurs with the Ministry of Digital Development to engage in mining. Unregistered individuals can operate mining rigs, but only within specific energy consumption limits. Oversight …
Tether Holdings Limited has reported an unprecedented net profit of $5.2 billion for the first half of 2024, as revealed in its latest assurance opinion for the second quarter. Conducted by BDO, the report highlights Tether’s substantial growth and increased investments in U.S. Treasury bills. Mid-Year Financial Overview Tether, the world’s leading stablecoin issuer, has …
Tether Announces Record $5.2 Billion Profit for First Half of 2024 Read More »
At the Nashville Bitcoin Conference, former President Donald Trump reportedly secured $25 million in donations, as revealed by Fox Business journalist Eleanor Terrett. Terrett noted on X (Twitter) that this substantial amount was confirmed by Bitcoin Magazine CEO David Bailey. This fundraiser is part of a broader effort to engage with the crypto community. Since …
Trump reportedly secured $25 millions in donations Read More »
The US Federal Reserve will announce its fifth interest rate decision for 2024 later tonight (July 31) after a two-day FOMC Meeting. Wall Street expects the US central bank to keep the benchmark interest rates between 5.25% – 5.50%. However, market participants will focus on hints that lift bets of a rate cut in September. …
Goldman Sachs CEO David Solomon Explores Bitcoin’s Role as a Store of Value Goldman Sachs CEO David Solomon recently shared his views on Bitcoin during an interview with CNBC at the Summer Olympics in Paris, France. Solomon reiterated his stance on Bitcoin, stating, “I’ve always said I think it’s a speculative investment. I don’t see …
Goldman Sachs CEO David Solomon Explores Bitcoin’s Role as a Store of Value Read More »
